Mr. Brian Cowen:

Yes, well obviously we had the officials, the people who ... people who would be interacting with the financial institutions on how this was working would make it very clear that we were not ... we were in the business of retrieving our situation but not sort of getting ourselves into a whole load of problems with neighbours either if we could avoid it. I mean there was a lot of competition for deposits. And you know there was some indications from the other side of the water too that, you know, banks, Irish banks here were being talked down. You know, I mean ... I'm not excusing anyone's behaviour where people were over-zealous in what they were doing but that wasn't a one-sided penny either.